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Share Name | Share Symbol | Market | Type |
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TSXV:MEN | TSX Venture | Common Stock |
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"We have made significant strides forward with the assets Magnum has acquired and are looking forward to a growth in revenues throughout the next 12 months," commented Richard Nemeth, V.P. Corporate Development. "The timing is right for us to commit to building out a strong in-house technical team that can take advantage of our recent drilling successes and utilize the cash flow to maximize existing asset potential through further re-completions and development drilling. This will also enable Magnum to evaluate other opportunities that may exist through further acquisitions or joint ventures."
Head Office 1280 - 333 Seymour Street Vancouver, BC. V6B 5A6 T: 604.669.3155 F: 604.669.3177 Operations Suite 550, 1010 1st Street S.W. Calgary, AB. T2R 1K4 T: 403.264.5980 F: 403.261.8060
The TSX Venture Exchange has neither approved or disapproved the contents of this press release.
Contacts: Magnum Energy Inc. Richard Nemeth (604) 669-3155 (604) 669-3177 (FAX) Email: rnemeth@magnumenergyinc.com Website: www.magnumenergyinc.com
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